Quantonomics - Memorandum - Opex Cost Function Development - November 2024

Our distribution benchmarking reports include productivity results from econometric opex cost function models. As a part of incrementally refining elements of the benchmarking methodology, we are continuing to examine options to improve the performance of these models and address some technical issues. On 26 November 2024, we published for consultation a memorandum prepared by Quantonomics for this purpose. Section 8.3 of the distribution benchmarking report also provides an overview of the issues. 

Quantonomics phase 1 memorandum

Our distribution benchmarking reports include productivity results from econometric opex cost function models. As a part of incrementally refining elements of the benchmarking methodology, we are continuing to examine options to improve the performance of these models and address some technical issues. On 26 November 2024, we published for consultation a memorandum prepared by Quantonomics for this purpose. Section 8.3 of the distribution benchmarking report also provides an overview of the issues.